LiveRamp (NYSE:RAMP) Hits New 12-Month High – What’s Next?

LiveRamp Holdings, Inc. (NYSE:RAMP)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $37.94 and last traded at $37.6680, with a volume of 651 shares. The stock had previously closed at $37.70.

Analyst Upgrades and Downgrades

RAMP has been the subject of several recent research reports. Weiss Ratings cut LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Evercore initiated coverage on shares of LiveRamp in a research note on Tuesday, March 24th. They set an “outperform” rating and a $37.00 price objective on the stock. Craig Hallum cut shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective on the stock. in a research note on Tuesday, May 19th. DA Davidson lowered shares of LiveRamp from a “buy” rating to a “neutral” rating and lifted their target price for the company from $35.00 to $38.50 in a report on Monday, May 18th. Finally, Morgan Stanley set a $38.50 price target on shares of LiveRamp in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.21.

LiveRamp Trading Down 0.3%

The company has a market cap of $2.26 billion, a price-to-earnings ratio of 16.49 and a beta of 1.27. The business has a fifty day moving average of $34.29 and a two-hundred day moving average of $29.53.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Monday, May 18th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The company had revenue of $206.09 million for the quarter, compared to analyst estimates of $205.49 million. During the same period last year, the company earned $0.30 earnings per share. LiveRamp’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, research analysts forecast that LiveRamp Holdings, Inc. will post 2.07 EPS for the current fiscal year.

Institutional Investors Weigh In On LiveRamp

A number of institutional investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. purchased a new stake in LiveRamp in the 4th quarter worth $55,256,000. Fort Washington Investment Advisors Inc. OH raised its position in LiveRamp by 37.0% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company’s stock worth $51,997,000 after acquiring an additional 529,485 shares during the period. Boston Partners lifted its holdings in LiveRamp by 56.6% during the third quarter. Boston Partners now owns 1,269,623 shares of the company’s stock valued at $34,746,000 after purchasing an additional 459,094 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in LiveRamp by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,772,213 shares of the company’s stock valued at $73,519,000 after purchasing an additional 365,894 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of LiveRamp by 16.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,550,435 shares of the company’s stock valued at $41,118,000 after purchasing an additional 213,706 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

About LiveRamp

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.